Brookfield Renewable Partners (BEP) Earning Favorable Press Coverage, Report Shows

Press coverage about Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) has been trending positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Brookfield Renewable Partners earned a coverage optimism score of 0.42 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 46.157731897014 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Brookfield Renewable Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. CIBC downgraded Brookfield Renewable Partners from a “sector outperform” rating to a “neutral” rating in a research note on Thursday, November 2nd. National Bank Financial upped their price objective on Brookfield Renewable Partners from $35.00 to $45.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 18th. BMO Capital Markets restated a “hold” rating and issued a $35.00 price objective on shares of Brookfield Renewable Partners in a research note on Friday, October 20th. Finally, GMP Securities restated a “hold” rating and issued a $34.50 price objective on shares of Brookfield Renewable Partners in a research note on Friday, October 20th. Twelve research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.39.

Shares of Brookfield Renewable Partners (NYSE BEP) traded up $0.07 during midday trading on Tuesday, hitting $34.33. The stock had a trading volume of 49,398 shares, compared to its average volume of 75,749. Brookfield Renewable Partners has a 1 year low of $28.13 and a 1 year high of $36.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market cap of $6,180.00, a PE ratio of -286.08 and a beta of 0.21.

Brookfield Renewable Partners declared that its Board of Directors has approved a share repurchase plan on Friday, December 22nd that permits the company to buyback 9,000,000 outstanding shares. This buyback authorization permits the utilities provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, November 30th were given a dividend of $0.468 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date of this dividend was Wednesday, November 29th. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.47. Brookfield Renewable Partners’s dividend payout ratio is currently -1,558.33%.

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Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as a pure-play renewable power platform. Its segments include Hydroelectric, Wind, Other and Corporate.

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